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eelmaking centre in the 1890s and was the first example of the welsh industry s move from inland to coastal locations 13 the plant s main products were steel plates for shipbuilding though it did not provide the hoped for stimulus for a local shipbuilding industry 13 and by the 1930s it was manufacturing half a million tons of steel per year 16 although the east moors works closed in 1978 steel production continues in cardiff at the celsa steel uk plant in cardiff bay which produces reinforcing bars and wire 17 retail edit see also list of shopping arcades in cardiff cardiff market on st mary street in the city centre retail also plays a strong role in the city s employment with it being listed as being the 6th best place to shop in the uk according to recent surveys 18 the majority of cardiff s shopping portfolio is in the city centre around queen street and st mary s street there are also numerous suburban retail parks serving the city cardiff retail sector is dominated by three main shopping arcades located in the city centre st david s centre queens arcade and the capitol centre the current expansion of st david s centre as part of the st david s 2 project is allowing a huge piece of land between the hayes and charles street to be demolished and redeveloped bringing around 200 shops flats and a john lewis department store to the city this will more than double the available floor space making it one of the largest shopping centres in the united kingdom as well as these modern shopping arcades the city is still home to many victorian shopping arcades such as high street arcade castle arcade wyndham arcade royal arcade and morgan arcade there are two main shopping streets in the city centre queen street is home to the main chain stores such as topshop topman boots gap dorothy perkins primark and zara to name a few the second main street st mary street and high street is home to wales oldest and largest department store howells and is also home to smaller independent stores also of note is the hayes home to spillers records which was established in 1894 and is officially recognised as the world s oldest record shop 19 the city is also host to s a brain a brewery with premises in cardiff since 1882 the current brewery is located next to central station cardiff has a number of markets these include the vast victorian indoor central market splott market riverside farmers market and associated farmers markets in roath rhiwbina and llandaff north which all specialise in locally produced and organic produce and a smaller fruit veg style st david s market on barrack lane which will be improved with the coming of st david s 2 several out of town retail parks also exist in locations such as newport road culverhouse cross cardiff gate and cardiff bay there have been a number of issues relating to city centre shopping most recently the cost of parking in the city centre and the experimental banning of private cars on st mary s street both have been heavily criticised by some sectors of the media public and retailers 20 21 up to one million extra shoppers a month have been coming into the capital since the new phase st david s opened footfall counters have recorded around one million extra visitors per month in early 2010 compared to 2009 22 finance edit cardiff is thriving as a centre for financial and business services which account for 50 000 jobs in the city cardiff is home to a large number of globally recognised financial services companies which have continued to grow during the economic downturn due largely to a competitive business model and a skilled and qualified workforce 7 today cardiff is the principal finance and business services centre in wales and as such there is a strong representation of finance and business services in the local economy in december 2003 33 850 individuals were employed in the sector higher than the proportion across both wales 9 6 and great britain 15 4 needs update the city was recently placed seventh overall in the top 50 european cities in the fdi 2008 cities of the future list published by the fdi magazine and also ranked seventh in terms of attracting foreign investment 23 legal general admiral insurance hbos zurich ing direct confused com the aa principality building society 118 118 british gas brains swalec energy and bt based in stadium house all operate large contact centres in the city many based in cardiff s office towers such as capital tower and brunel house barclays partner finance is headquartered in pontprennau other major employers include nhs wales and the national assembly for wales the cardiff based bank of wales was founded in 1971 but was later taken over by hbos and the brand name dropped media edit main article media in cardiff cardiff is home to the welsh media and has a large media sector with bbc wales s4c and itv wales all having studios in the city 24 employment in the sector has grown significantly in recent years and currently provides employment for 2 1 of the city s workforce higher than the level across wales 1 1 and marginally lower than that across great britain as a whole 2 2 24 bbc radio wales and radio cymru have their main studios in cardiff while both capital fm and heart fm also have a studio presence in the city a cluster of content driven providers is also flourishing in the city including design animation gaming tv production film music and journalism businesses 7 information and communications technology edit cardiff has experienced significant investment in information and communications technology ict infrastructure in recent years with the city and wider region being well served by modern communications many industries covered by this sector have moved from high volume production to specialist lower volume high value added production such research and development activity is anticipated to be the strongest driver of economic growth in the sector cardiff is also home to the european centre of research and development 7 tourism edit cardiff s top tourist attractions 2007 25 attraction no of visitors wales millennium centre 882 962 st fagans national history museum 642 289 national museum 353 079 cardiff castle 223 792 senedd building 204 110 cardiff bay visitor centre 196 764 techniquest 178 366 nationalities of tourists visiting cardiff 2009 26 country of origin no of visitors france 44 000 republic of ireland 36 000 germany 34 000 united states 26 000 australia 22 000 cardiff is one of the most popular tourist destination cities in the united kingdom 27 with 14 6 million visitors in 2009 an increase of 50 in 10 years 26 who spent 703 6 million in the city an increase of 36 since 2004 7 in recent years the city has become a major tourist destination with recent accolades including being voted the eighth favourite uk city by readers of the guardian 28 being listed as one of the top 10 destinations in the uk on the official british tourist board s website visit britain 29 and us travel guide frommers listing cardiff as one of 13 top destinations worldwide for 2008 30 the large scale redevelopment of cardiff at the beginning of the 21st century has turned the city into a far more popular destination for foreign visitors the most foreign tourists come from france and republic of ireland with cardiff as the fifth most visited uk city by australians according to visitbritain visitors told us that the attraction of cardiff as a glorious capital city with an historical resonance was the reason for visiting 26 cardiff s top attraction is the wales millennium centre which in 2007 recorded almost 900 000 visitors ahead of the national museum the st fagans national history museum and cardiff castle 25 in addition cardiff s status as the location of venues such as the millennium stadium means that the city receives influxes of anything up to 100 000 visitors during major sporting events such as six nations and rugby world cup matches there are a large number of hotels within the city most notably the five star hilton hotel in the city centre and st david s hotel spa located in cardiff bay hotels operated by copthorne and marriott are also located in cardiff along with numerous smaller hotels bed and breakfasts and hostels these are mainly located on st mary street newport road and the taff embankment opposite the millennium stadium in total the city s hotels have almost 9 000 available bed spaces 27 according to monitoring undertaken by tourism development visitor services 96 of visitors described their visit to cardiff as either enjoyable or very enjoyable cardiff visitor survey 2009 of visitors surveyed 94 rated the overall quality of their visit as excellent or good with 97 of respondents saying that they would recommend a visit to the city visitor satisfaction questionnaire 09 10 the majority 95 reported that they had been made to feel welcome during their visit to the city attractions in particular cardiff bay and cardiff castle along with people and atmosphere were mentioned most frequently as the best thing about a visit to cardiff the most popular locations visited intended to be visited by all visitors were cardiff bay 55 the shops 53 and cardiff castle 51 for visitors from the uk cardiff s shops were most likely to be visited 50 whilst the priorities for visitors from overseas were cardiff castle 80 and cardiff bay 70 7 sciences edit cardiff has a strong cluster of around 100 bioscience related companies and organisations and cardiff university has a growing international reputation for research expertise in bioscience related disciplines major international companies like ge healthcare employing over 1 000 people locally shaw healthcare bio trace and cogent complement an innovative small firm sector attracted by the university and the 2 500 local students and 500 doctorates in bioscience related disciplines 7 property development edit cardiff is currently enjoying several regeneration projects like the 270 million international sports village in cardiff bay which played a part in london 2012 olympics 31 it features the only olympic standard swimming pool in wales the cardiff international swimming pool which opened on 12 january 2008 the sports village also is the site of ice arena wales which houses the cardiff devils ice hockey team which play at the highest level of the elite ice hockey league the tiger bay area also housed one of the uk s earliest non white immigrant communities after a long period of neglect it has now been regenerated as cardiff bay a popular area for culture entertainment and nightlife much of the growth has been thanks to the building of the cardiff barrage two large international business parks are planned for the north of cardiff the largest being at thornhill which may include the building of a new junction on the m4 motorway the other being at junction 33 32 the average house price in cardiff is 181 226 which represents a drop of 0 5 since last year 33 cardiff has a strong rental market particularly in the city centre and cardiff bay where house rentals are almost double the national average and the number of total transactions exceeds the total number of properties 34 according to zoopla co uk the average house price in cardiff is 188 910 the most expensive post code in cardiff is cf15 with an average house price of 237 174 which covers suburbs such as tongwynlais radyr and pentyrch in the north of the city house sales in the city rose by 60 in may 2009 in spite of the housing slump and economic recession house prices are lower than at the peak of the boom but are now rising again 35 see also edit economy of wales references edit wales a vibrant economy pdf welsh assembly government archived from the original pdf on 15 august 2010 retrieved 18 november 2008 cardiff futures forum archived from the original on 31 july 2019 retrieved 18 november 2008 national statistics introduction to the 2001 based travel to work areas pdf uk statistics authority archived from the original pdf on 5 march 2009 retrieved 18 november 2008 walesonline fears over decline of manufacturing clifton fearnside alex adam douglas 14 may 2002 sub regional and local area gross domestic product pdf office for national statistics archived from the original pdf on 28 may 2008 retrieved 18 april 2008 statistics on commuting in wales statistics for wales 5 december 2007 archived from the original on 14 january 2009 retrieved 18 april 2008 1 2 3 4 5 6 7 8 9 10 11 12 13 14 cardiff council cardiff today key economic statistics archived from the original on 19 march 2012 retrieved 2 january 2011 1 2 3 4 5 labour market an overview of cardiff employment and the local economy cardiff county council 9 april 2004 archived from the original on 9 june 2011 retrieved 19 april 2008 st davids 2 and cardiff archived from the original on 23 july 2007 retrieved 3 january 2008 unemployment in cardiff cardiff county council 15 march 2007 archived from the original on 9 june 2011 retrieved 19 april 2008 regional gross value added pdf archived from the original pdf on 1 december 2007 retrieved 5 january 2008 1 2 the glamorganshire canal archived from the original on 27 december 2007 retrieved 19 april 2008 1 2 3 4 5 the welsh academy encyclopedia of wales cardiff university of wales press 2008 cardiff coal and shipping metropolis of the world national museum of wales retrieved 19 april 2008 cite web cs1 maint deprecated archival service link why did cardiff grow glamorgan record office archived from the original on 23 november 2008 retrieved 19 april 2008 archives network wales east moors steelworks cardiff collection archived from the original on 4 january 2009 retrieved 16 september 2008 celsa steel uk glasgow named top for shops at christmas 6 december 2007 archived from the original on 21 november 2008 retrieved 27 december 2007 world s oldest record shop in the death grip of a developer the times london 1 december 2006 archived from the original on 17 may 2011 retrieved 4 march 2008 the owners of spillers records recognised by guinness world records as the oldest such emporium on earth say that it will close unless a buyer is found union enters city parking debate bbc news 12 september 2007 retrieved 27 december 2007 nifield philip 14 november 2007 road plan could be one way to disaster south wales echo walesonline cardiff attracts a million more shoppers a month european cities regions of the future 2008 09 pdf 1 february 2008 archived from the original pdf on 8 april 2008 retrieved 25 march 2008 1 2 the film tv and multimedia sector in cardiff economic development division cardiff county council 1 december 2003 archived from the original on 9 june 2011 retrieved 17 january 2008 1 2 visits to tourist attractions 2007 doc visit wales retrieved 6 may 2008 permanent dead link 1 2 3 city s new look pulls in foreign tourists cardiffonline 6 july 2010 retrieved 7 july 2010 1 2 cardiff essential facts tourism cardiff county council 1 may 2007 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